Jamshedpur, July 21: CII Jamshedpur is organizing a session on ‘Doing Business with Defense’ on 22 July at�Center�for Excellence with a thrust�to highlight the existing and emerging business opportunities in defense sector for small and medium industries in Jamshedpur.
In the wake of the�recent policy reforms in defense sector including the release of the new Defense Procurement Procedure 2016 which enables greater participation of Indian Industry in Defense R&D and Production, the Defense Sector is expected to lead the Make in India initiative of the Government with over USD $250 billion worth of procurement over next 10 years.
The provisions of new Defense Procurement Procedures will lay high emphasis on Indigenous design, development & manufacture; when viewed together with the guidelines for Vendor development and enhanced out-sourcing by DPSUs and Ordnance Factories; have the potential to generate very large business for Indian private industry.
The speaker for the session will be�Rear Admiral Pritam Lal (Retd)�Served the Indian Navy for 35 Years Navy in various senior management roles across administration, policy formulation and implementation, technology evaluation and induction, equipment/ system design and development with DRDO and Industry, equipment life cycle support planning and management, operation and management of industrial establishments (dockyards).He was a member of Committee of Experts constituted by Ministry of Defense, Government of India, in May 2015, to evolve a policy framework to facilitate �Make in India� in Defense manufacturing and suggest amendments to DPP 2013 to remove the bottlenecks in the procurement process and also simplify /rationalize various aspects of the defense procurement set-up.
